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Ripple (XRP) Finds Bottom At $0.25, Price Surges On News Of ‘Partnerships’

Ripple (XRP) is one of the few cryptocurrencies to have completed a correction of more than 90% since its all time high. The price has settled just above the $0.25 mark which seems to be a bottom as indicated by the Vix diagram on the above weekly chart for XRP/USD. Wave trend analysis for the chart above shows that the price has likely bottomed out and is now preparing for a bullish breakout in the weeks ahead. Previously, Ripple (XRP) had surged on what has been speculation for the most part as announcements and news of ‘big partnerships’ every second...

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Ethereum (ETH) Defends $250 As Price Reaches Oversold Conditions

Ethereum (ETH) has successfully defended its $250 support without giving in to market panic. As most coins fell significantly, Ethereum (ETH) held its ground at this strong demand zone. The price rebounded strongly off the $250 level and ha now formed three consecutive green candles on the ETH/USD daily chart above. The price has currently broken past the $300 mark and is now expected to rise further. It faces a near term resistance at the 50 EMA which has been a strong resistance since June. The price has not managed to break past the 50 EMA since June even though...

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Bitcoin (BTC)’s Worst Case Scenario: What Is Smart Money Up To?

Monthly Chart for BTC/USD The popular sentiment right now is that Bitcoin (BTC) is going down. Nobody can say for sure how low it is going to fall but most people are convinced that this is certainly not the end of this correction. As the chart above shows, Bitcoin (BTC) completed a correction of 86.54% between Nov 2013 and Sep 2015. A significant majority is of the view that this scenario is likely to unfold this time. If this were to happen, Bitcoin (BTC) would have to complete a correction of 86.54% in a period of 669 days which comes...

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VeChain (VEN) Leads Crypto Comeback Rally, Further Upside Likely In The Weeks Ahead

Chart for VeChain/US Dollar VeChain (VEN) made a stunning comeback during the recent crypto relief rally by surging 35% in the last 24 hours. The cryptocurrency which was forgotten for a while after leaving the top 20 league has now once again become the 20th largest coin by market cap. The price has yet to break out of the downtrend but it seems to have found support at the lower limit of what forms a falling wedge inside VeChain (VET)’s descending channel since the correction. The price of VeChain (VEN) has yet to test the bottom of its descending channel...

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Stellar Lumens (XLM) Likely To Moon In Early September

Stellar Lumens (XLM) has been in the spotlight the last few days for its big movements.  The price has not reacted much to the recent relief rally but it appears to be all set for the next breakout. RSI conditions for Stellar Lumens (XLM) on the daily chart for XLM/USD above are favorable as the RSI level is just where it has been before the last breakout. The ROC indicator on the above chart shows that the price took 242 days to breakout during the previous cycle. This time, a period of 242 days comes down to September 02, 2018....

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